Top 3 Most Expensive Miami Beach Home Sales – June 2010

The month of June was HOT when it comes to Miami Beach homes sold.  We’re talking the higher end of the Miami Beach Luxury home market, the one I’ve been telling you has been at a standstill .  I hope this doesn’t mean our “quota” has been met….I’m hoping the Luxury market is picking up.  There were 20 sales ranging from $250,000 for a 3 bedroom short sale at 1234 13th Street in South Beach to $16 million for an amazing Todd Michael Glaser masterpiece.  These Miami Beach home sales represent the highest sales seen in quite some time, so let’s take it all in.

June’s Most Expensive Miami Beach Home Sale

88 La Gorce Cr – Miami Beach, FL 33141

Listed for $19,500,000 and sold for $16,000,000 on June 11th, 2010

I had written about this impressive Miami Beach Luxury Estate back in December of 2009, where I said:

The home is impressive to say the least – contemporary, simple, austere and phenomenal.  With over 20,000 square feet of living space, sitting on a 48,000 square foot lot, guest cabana, elevator, 5-car garage, amazing landscaping….what else could you want?  My only concern of course is that we have not seen any waterfront sales in La Gorce in 2009….the whole mega luxury home real estate market in Miami Beach is at a standstill….waiting waiting waiting.  The house has been active for sale since January of 2008 starting at $25,000,000 ($5,500,000 reduction is not bad at all).  It’s also currently for rent at $100,000 per month and known to house a few celebs on a short-term basis.

And Todd Michael Glaser himself, describes as:

The property, called OKTO, features a brand-new 20,000-square-foot house, which my team and I built from the ground up in just 10 months. It is one project that I am particularly proud of. The flowing floor plan separates “back of house” function spaces (such as dual laundry rooms, staff quarters, ample storage spaces, and a five-car garage with berthing large enough for limousines), from the opulent living areas. The master bed and bath have floor-to-ceiling glass sliders that seem to disappear when opened, exposing the his-and-her soaking tubs to the direct Florida sunlight. The terrace overlooks the pool and manicured lawns, as well as the elevated guesthouse and cabana. With all of this, I am not surprised it wasn’t on the market for very long.

(for those that don’t know who Todd Michael Glaser is – he’s a builder…but not just any builder, he builds Luxury Estates that have been featured in HGTV, and said to have “started” the Miami Design District)

Features:

• 17,183 square feet of living space
• built in 2008
• 10 bedrooms / 12 bathrooms / 3 half-baths
• 5-car garage
• 48,024 sq.ft. lot with 260′ of water frontage
• 2 docks
• lap pool and spa
• rooftop terrace
• staff house
• elevator
• La Gorce Island location

June’s Second Most Expensive Miami Beach Home Sale

55 Palm Ave, Miami Beach, FL  33139

Listed for $15,500,000 and sold for $11,950,000 on June 16th, 2010

This was a Mediterranean Revival restoration also done by Todd Michael Glaser – damn Todd! you are on a roll!  The 1928 home Palm Island residence is best described in Todd’s  own words:

This project was extremely interesting for me, as it involved a unique historical restoration of an original 1920s Spanish Colonial-style residence on Palm Island, providing city tax abatement for 10 years. Set on a 30,000-square-foot lot, the home features a three-car garage, service quarters, formal dining room, elevator, a grand waterfront master suite and sitting area, his-and-her baths and walk-in closets, and more. We incorporated a 10,000-square-foot modern addition, careful to blend the old and the new, and the possibilities are endless. There is room for a media room, library, office, gym, outdoor barbecue, separate guest rooms, a playroom, sitting areas, and more. The details are what really sets it apart, though: 12-foot cathedral beamed ceilings, quatrefoils windows, fireplaces, a romantic interior courtyard, oversize heated pool on beautifully landscaped grounds featuring flowering vines. It’s the quintessential Miami Beach island property.

And MLS description reads:

Unique historical restoration of original 1920′s Spanish Colonial Palm Island residence providing city tax abatement for 10 years plus a 10,000 SF modern addition.  12 foot Cathedral & coffered ceilings, Bulthaup kitchen, interior courtyard, amazing backyard w/ gazebo & pool cabana.  Gorgeous views of intercostals & MB skyline.  One of a kind master suite w/ private terr.  Enchanting guesthouse w/ plenty of rm & privacy and much more.

Features:

• 12,184 square feet of living space
• 8 bedrooms / 9 bathrooms / 2 half-baths
• built in 1928 and restored in 2008
• 30,000 sq.ft. lot with 100′ of water frontage
• 3-car garage
• service quarters
• elevator
• media room
• library
• 12-foot cathedral beamed ceilings
• interior courtyard
• pool
• Palm Island Location

June’s Third Most Expensive Miami Beach Home Sale

40 La Gorce Cr, Miami Beach, FL 33141

Listed for $7,900,000 and sold for $7,400,000 on June 11th, 2010

There are not even photos of this home because it sold in 4 days!  The 1937 home of known attorney Dan Paul, author of Miami-Dade county charter, with an MLS description that leaves us wanting more:

This extraordinary waterfront property is located on the tip of prestigious La Gorce Island in Miami Beach. The most sought after wide bay, city and sunset views. Upon entering the sumptuous courtyard you will be enchanted by the beautiful architecture of this 8,200+SF Gem. Nothing short of a South Florida masterpiece, this residence has it all.

Features:

• 8,284 square feet of living space
• 6 bedrooms / 8 bathrooms / 1 half-baths
• built in 1937
• 23,145 sq.ft. lot with 115′ of water frontage
• 2-car garage
• dock
• pool
• La Gorce Island Location

>>>> BONUS SALE you absolutely have to know about<<<<<

4358 N. Bay Road – Miami Beach, FL 33140

Listed for $8,300,000 and sold for $7,400,000

This amazing piece of land was bought by none other that Alex Rodriguez after many rumors of offers on different properties around Miami.  And guess who’s helping A-Rod build the house of his dreams?  Yes…you got it….Todd Michael Glaser!!!  (and all I hope is that he convinces him to go modern and not do another Spanish-Med wanna be with a million ballustrades – somehow….I have confidence that this time will be different!)

**all information obtained from the Southeast Florida Multiple Listing Service**

Not all Miami Beach Waterfront homes are created equal

Miami Beach locals seem to understand that not all Miami Beach waterfront real estate is the same, but instead of assuming, I decided to do a brief synopsis of the different types of waterfront homes in Miami Beach. Many relocating to South Florida think waterfront means “beach-front” – you have no idea how many calls we get from Europeans wanting a beachfront home when they really mean canal-front. It has to do with knowing the local landscape and also language idiosyncrasies – the type of waterfront has obvious implications on the price.

Miami Beach ocean-front homes

There are not many oceanfront Miami Beach homes – it is PRIME real estate! This type of waterfront real estate is the most exclusive and most expensive for obvious reasons (nothing like the Atlantic Ocean as your backyard)- A few beachfront homes can be found in a very small residential pocket South of Surfside called Altos del Mar and also Golden Beach – where the oceanfront homes will be everything but modest- talk about Miami Beach Luxury Real Estate! Otherwise, all other beach-front or ocean-front real estate will be condos.

Miami Beach Bay-front homes

The next best thing from beachfront is bay-front since you will have open bay views and more privacy (literally no rear neighbor and open bay views from your backyard). Miami Beach Bay-front homes are also not all created equal. The only down side is the lack of protection from the elements, but that’s what insurance, good construction and proper weather preventive methods are for.

Miami Beach Canal front homes

There are many types of canal-front homes in Miami Beach. Pricing of these will take into consideration many factors including: location of canal, type of canal, size of canal, location of home within the canal, etc.

• Wide canals

This is when the home is located on a canal but the the canal is wide and homes still have privacy – examples of these are homes on the South side of Hibiscus Island or North side of Palm Island, The Venetian Islands or Surprise Lake in Miami Beach.

• Narrow canals

The word says it – you can see your neighbor across the canal, privacy is limited since you usually would have a fence and landscaping separating a backyard neighbor – in this case, you would have the canal and in many instances could see right in their backyard or home. This does not mean that canal-front homes are bad by any means, it just explains that there are many considerations when buying waterfront properties.  Other factors to consider with regards to canal-front properties are:

• navigable – if you have a boat, this is a good question to ask – some canals do not allow boats, others don’t have access to the ocean

• no fixed bridges – canal-front properties with direct ocean access and no fixed bridges are more expensive.  If you are contemplating buying a property and you know there are fixed bridges and you have a boat, make sure you know what the clearance of those bridges are in high tide to make sure your boat will be able to go through.

• deep canals – many canals are deep and can accommodate sail boats – if you are a sailor and want to purchase a canal-front home, you need to make sure the canal is deep enough for the draft of the boat.

• debris – some canals have dead ends and they have a tendency to collect debris which can often be an eyesore or even worse, bring a horrible smell.

More food for thought:

Location of the property – If you are a boater and hate idling in the no-wake zones for an extended period of time, consider where, within the intricate canal infrastructure of Miami and Miami Beach, the property will be located. Golden Beach and Eastern Shores for example has a long trajectory from their waterfront homes to the open bay and ocean where you can really crank up the engines and go at a descent speed – the same thing happens at Coral Gables. If you are a true boater, it would be a good idea for you to navigate those canals first.

Seawall and Condition – knowing a seawall can cost up to $1000 per linear foot – you should inspect the seawall with a good professional and possibly structural engineer.  Don’t discard Natural Coral Seawalls, they are known to have very strong structural qualities – but don’t take my word for it, ask any Structural Engineer.

Type of dock DERM will allow – looking at the adjacent neighbors’ docks usually gives you a good idea, but don’t always trust that – their dock may be “grandfathered in” or have some special circumstances that you don’t know about. Rule of thumb is that you can usually build a dock out 20% of the width of the canal, bay-fronts all have different requirements. A DERM inspector will sometimes be willing to visit the property prior to you buying the property, to assess it.

If you thought the Miami Beach Waterfront real estate market was not intricate, think again!

*original article posted February 28th, 2009*

3 Most Expensive Miami Beach Home Sales – May 2010

There were 17 Miami Beach homes sold in May 2010, ranging from $3,435,000 to $285,000 for a small 3 bedroom home in Normandy Isle. Eight of the 17 sold homes were over a million dollars and 4 of those sales were distressed (compared to 7 out of 17 in April 2010), with 3 short sales and one bank owned foreclosure.  The 3 most expensive Miami Beach homes sold this past month were all located on North Bay Road with the highest sale further North close to La Gorce Island.  Good to see those older North Bay Road Homes starting to move.  Out of the 18 currently active North Bay Road Waterfront Homes, the lowest listing is at $2.495 million (3166 N. Bay Rd), and the highest is being sold for $15.9 million at 4580 N. Bay Rd.

To my surprise, we had the same number of sales in Miami Beach as last month, when May and June sales are historically higher. What’s disconcerting is the fact that the mega luxury market is not moving at all – out of 93 Miami Beach Homes sold this year – only 3 of those were above $5 million – one on Hibiscus Island, one on La Gorce Island and the last on Star Island.  That’s not due to a lack of inventory either, there are currently 55 Miami Beach luxury homes listed for over $5 million.  Please keep in mind that most of these Miami Beach Luxury Homes are being sold as Cash Deals, and this has been confirmed by my conversation with several colleagues that also work the Miami Beach Luxury real estate market.

May’s Most Expensive Miami Beach Home Sale

6100 N Bay Rd – Miami Beach, FL 33140

Listed for $3,900,000 and sold for $3,435,000 on May 19th, 2010

Here’s an example of a smaller mid-century modern home sitting on an incredible piece of property with over 77 feet of water frontage.  Although the house has almost 5,000 square feet of living space, it’s small compared to it’s neighboring mansions and doesn’t even have a pool.  Showing that even the smaller homes can still bring in over $700/square foot in the right location.  This home was placed on the market in March of 2010 and was under contract by the end of April.  The MLS Description reads:

Spectacular wide bay views and the most gorgeous sunsets make this boater’s paradise a great opportunity to own on prestigious North Bay Road.Situated on a 20,000 SF lot, this home + guest house is 5,000 SF,with 3 Bedroom/3 Bath.It has been masterfully updated with wonderful entertaining spaces that features a chef’s kitchen,marble floors,marble bathrooms,generator,+gated security.Florida living at its best.

Features:

• 3 bedroom / 3 bathroom
• Built in 1947
• 4,889 square feet of living space
• Lot size 77.50′ X 251′ = 19,452 square feet.
• 2-car garage
• Bayfront
• 77.50′ of water frontage
• dock
• guest house

May’s Second Most Expensive Miami Beach Home Sale

5718 N Bay Road, Miami Beach, FL  33140

Listed for $3,975,000 and sold for $3,350,000 on May 18th, 2010

Miami Wacky or element of surprise?  This 1928 Miami Beach home has a very contemporary exterior with contrasting traditional interior decor.  Obviously remodeled through the years with a listing history just as peculiar.  The home was listed by several different brokerages in a period of 4 years with an original listing price of $6.7 million in March of  2006, then $6.9 million in April of 2007, $5.9 million in January 2008 and finally $3.975 million in March of this year.  Selling at $512/square feet.  MLS description:

Immediate grand wide bay Miami Skyline views! Dazzling sunsets! Exterior modern design with luxurious interiors in Med motifs, marble fireplaces, coffered ceilings, elaborate moldings, marble floors, ornate stonework and mahogany mill-work. Spacious wet bar/piano room, adjacent media rm. opens onto interior courtyard, pool and huge dock for large vessel.  Other features: Spacious circular drive with gates, electric shutters, elevator, office, guest & staff  bedrooms with adjacent sun room.

Features:

• 6 bedrooms / 6.5 bathrooms
• 6,545 square feet of living space
• Lot size 70.30′ X 221′ = 15,536 square feet
• 70.3′ of water frontage
• pool
• Bayfront
• Marble floors
• elevator

May’s Third Most Expensive Miami Beach Home Sale

4640 N Bay Road, Miami Beach, FL 33140

Listed for $2,995,000 and sold for $2,750,000 on May 3rd, 2010

My favorite of the 3, but then again, I’m not the one buying.  This house exudes clean lines and comfort without being overbearing and selling at $1,347/square feet, it’s evident that I’m not the only one that feels that way.  It was purchased for $3.6 million in 06 and listed for $3,999,999 in January of 2009, reduced to $2,995,000 in March of 09 and finally selling at $2.75 million.  With only 2,000 square feet and three bedrooms, it’s the smallest of the 3 homes, also on a much smaller lot, but selling at a much higher price per foot.  MLS description reads:

The quintessential waterfront Pied-a-terre! A secluded Spanish-style villa; surrounded by lush landscaping, offers complete privacy and exclusivity – fit for its former celebrity owners. A charming 3 bd, 3 bth home features a myriad of upgrades w/ dramatic 16 foot Cyprus beam-lined ceilings, fireplace and breathtaking views.  A $500,000 landscape renovation offers enormous 50′ Oak trees, Italian hand-laid pebble and marble courtyard and a stunning keystone dock that accommodates a 60′ yacht!

Features:

• 3 bedrooms / 3 bathrooms
• 2,041 square feet
• Lot size 60′ X 90′ (5,400 square feet)
• Bayfront
• 60′ of water frontage
• marble and wood floors
• 1-car garage
• dock can accommodate up to 60′ yacht
• pool

**all information obtained from the SouthEast Florida Multiple Listing Service**

Showing properties 1 - 31 of 31. See more city of Miami Beach real estate.
(all data current as of 7/30/2010)

1. $1,099,000 : MLS # F1039522 in Miami Beach
   
   4 beds, 4 full, 1 part baths

   Size: n/a

   Listed with Castelli Real Estate Services
2. $1,450,000 : 5147 N Bay Rd, Miami Beach
   
   4 beds, 3 full, 1 part baths

   Size: 3,252 sq ft

   Listed with Greater Miami Investments, Inc
3. $2,599,000 : 2232 Alton Rd, Miami Beach
   
   8 beds, 7 full, 1 part baths

   Size: 7,846 sq ft

   Listed with Beachfront Realty
4. $3,999,000 : MLS # F1057928 in Miami Beach
   
   4 beds, 6 full baths

   Size: n/a

   Listed with Qwest Realty Services
5. $3,600,000 : 5529 Pinetree Dr, Miami Beach
   
   5 beds, 4 full, 1 part baths

   Size: 4,140 sq ft

   Listed with Community Realty Associates
6. $3,649,000 : 250 E San Marino Dr, Miami Beach
   
   5 beds, 5 full, 2 part baths

   Size: 4,800 sq ft

   Listed with Beachfront Realty Inc
7. $1,250,000 : 405 W Dilido Dr, Miami Beach
   
   4 beds, 3 full, 1 part baths

   Size: 2,205 sq ft

   Listed with Miami Investment Brokers, Inc.
8. $5,495,000 : 227 E Dilido, Miami Beach
   
   7 beds, 5 full baths

   Size: n/a

   Listed with Altara Realty
9. $1,595,000 : 4415 N Bay Rd, Miami Beach
   
   4 beds, 5 full baths

   Size: 3,600 sq ft

   Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
10. $2,900,000 : 441 N Hibiscus Dr, Miami Beach
    
    9 beds, 10 full baths

    Size: n/a

    Listed with Florida Home Sales and Invest.
11. $1,795,000 : 4419 N Bay Rd, Miami Beach
    
    5 beds, 5 full baths

    Size: 4,309 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
12. $1,700,000 : 5711 N Bay Rd, Miami Beach
    
    4 beds, 4 full baths

    Size: 3,100 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
13. $2,395,000 : 4435 N Bay Rd, Miami Beach
    
    5 beds, 6 full, 1 part baths

    Size: 5,075 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
14. $2,950,000 : 620 W Dilido Dr, Miami Beach
    
    4 beds, 3 full, 1 part baths

    Size: 3,499 sq ft

    Listed with Bedrock Properties, LLC.
15. $3,650,000 : 297 N Coconut Ln, Miami Beach
    
    3 beds, 2 full, 1 part baths

    Size: 3,524 sq ft

    Listed with Shelton and Stewart REALTORS
16. $7,499,000 : 150 Palm Av, Miami Beach
    
    7 beds, 7 full, 1 part baths

    Size: 5,860 sq ft

    Listed with Greater Miami Investments, Inc
17. $1,495,000 : 4501 Meridian Av, Miami Beach
    
    5 beds, 4 full, 1 part baths

    Size: 3,468 sq ft

    Listed with Beachfront Realty Inc
18. $1,500,000 : 5420 La Gorce Dr, Miami Beach
    
    4 beds, 3 full baths

    Size: 3,342 sq ft

    Listed with Oceanaire Realty, Inc.
19. $2,600,000 : 291 N Coconut Ln, Miami Beach
    
    2 beds, 2 full, 1 part baths

    Size: 2,246 sq ft

    Listed with Florida Home Sales and Invest.
20. $1,400,000 : 5926 La Gorce Dr, Miami Beach
    
    5 beds, 4 full, 1 part baths

    Size: 2,818 sq ft

    Listed with Barnes Int'l Property Consult
21. $4,500,000 : MLS # D1383172 in Miami Beach
    
    4 beds, 4 full baths

    Size: n/a

    Listed with Ocean First Realty
22. $1,300,000 : 5205 Alton Rd, Miami Beach
    
    5 beds, 3 full, 1 part baths

    Size: 3,731 sq ft

    Listed with Consultek Realty
23. $3,800,000 : 5941 Pinetree Dr, Miami Beach
    
    6 beds, 5 full, 1 part baths

    Size: 4,564 sq ft

    Listed with Beachfront Realty Inc
24. $2,590,000 : 4525 Prairie Av, Miami Beach
    
    6 beds, 6 full, 1 part baths

    Size: 5,527 sq ft

    Listed with Beachfront Realty Inc
25. $5,750,000 : 3370 Chase Ave, Miami Beach
    
    7 beds, 7 full, 2 part baths

    Size: 7,000 sq ft

    Listed with One Sotheby's Int'l Realty
26. $14,800,000 : 98 La Gorce Cr, Miami Beach
    
    7 beds, 7 full baths

    Size: 7,848 sq ft

    Listed with World Class Realty
27. $2,600,000 : 1131 Stillwater Dr, Miami Beach
    
    5 beds, 3 full, 1 part baths

    Size: 3,980 sq ft

    Listed with Century 21 Continental Realty
28. $1,290,000 : 3787 Prairie Av, Miami Beach
    
    4 beds, 4 full baths

    Size: 1,961 sq ft

    Listed with Beachfront Realty Inc
29. $1,290,000 : 1445 Bay Rd, Miami Beach
    
    3 beds, 2 full baths

    Size: 2,140 sq ft

    Listed with Miami Lodge Realty Inc
30. $3,499,000 : 1420 W 21 St ** New Home **, Miami Beach
    
    6 beds, 7 full, 1 part baths

    Size: 5,054 sq ft

    Listed with The Muskat Group, Inc.
31. $3,499,000 : 224 S Coconut Ln, Miami Beach
    
    5 beds, 5 full baths

    Size: 3,609 sq ft

    Listed with The Muskat Group, Inc.

Listing information deemed reliable but not guaranteed. Read full disclaimer.

North Bay Road Home – Sexy Miami Beach Luxury Real Estate

This listing is the epitome of Sexy Miami Beach Real Estate – with white, sleek, contemporary finishes on a canvas of gorgeous blue bay water.  North Bay Road is known for its architecture and style and it doesn’t hurt that these homes look out into endless bay views.  The location of this home is just south of La Gorce Island, close enough to South Beach but with enough privacy to make it the perfect location.  A lot of people prefer island living instead of North Bay Road, I say it depends on your lifestyle – and this property may just be the perfect one.

6396 N. Bay Road – Miami Beach, FL 33140

Listed for $18,000,000 reduced to $14,970,000

Some may think the house is a bit too white for their taste, but that’s an easy fix.  White in Miami architecture represents a clean slate of contemporary minimalism where the beach and water setting is what creates the space. (not too practical for kids…..but beautiful nevertheless)

This home is brand new and built in 2009 with 100 feet of water frontage and 24,000 square feet of land.  It offers luxury in every way imaginable from custom closets, fireplace, elevator, 2-car garage, summer kitchen …just to mention a few things and was designed by Touzet Studio.  This is what the MLS description reads:

This stunning 2 story modern waterfront wide bay estate nestled in Upper North Bay Road, rates second to none.  No fixed bridge with 100′ on water, enjoy paradise in Miami Beach.  Seven bedroom all with balconies – 10 bathrooms complete with 2-story living room, gourmet kitchen with butler’s pantry and media room, gym, guest room, commercial elevator, 2 laundry rooms, impact windows and doors.  Features courtyard, double height 2-car garage, cabana with bathroom, covered outdoor kitchen and infinity pool with separate spa and exterior fireplace.  Dock.  Cascading water feature at entry.  Designed by Touzet Studio.  Price excludes sculpture.

UPDATE:  New Listing Agent, New Price and New Description

THIS MAGNIFICENT WORK OF ART IS SITUATED IN MIAMI BEACH MOST PRESTIGIOUS WATERFRONT AREA, ON NORTH BAY ROAD. GOVERNED BY THE THREE MAIN ELEMENTS GEOMETRY, WATER AND LIGHT. OUTSTANDING FEATURES INCLUDE CASCADING WATER AT THE ENTRANCE, GOURMET KITCHEN, GYM, ELEVATOR, IMPACT WINDOWS AND DOORS, SEPARATE GUEST QUARTERS, COURTYARD GARDENS, HEATED POOL WITH A COVERED SUMMER KITCHEN AND BBQ AREA. IT COMMANDS MORE THAN 100 FT OF PRIME WATERFRONT WITH A LARGE DOCK AND NO FIXED BRIDGES.

Property Features:

• Built in 2009
• designed by Touzet Studio
• 11,800 square feet of living space
• 24,000 square foot lot (240′ X 100′)
• 100′ of water frontage
• 7 bedrooms / 8 bathrooms / 2 half-baths
• 2-car garage
• marble floors
• heated pool
• private dock
• CBS construction with concrete roof
• Open Bay Views

**property information courtesy of South East Florida Multiple Listing Service and LenCor International Prop. Inc. Engel & Voelkers/Miami Brickell** (originally posted on May 26th, 2009)

Showing properties 1 - 31 of 31. See more city of Miami Beach real estate.
(all data current as of 7/30/2010)

1. $1,099,000 : MLS # F1039522 in Miami Beach
   
   4 beds, 4 full, 1 part baths

   Size: n/a

   Listed with Castelli Real Estate Services
2. $1,450,000 : 5147 N Bay Rd, Miami Beach
   
   4 beds, 3 full, 1 part baths

   Size: 3,252 sq ft

   Listed with Greater Miami Investments, Inc
3. $2,599,000 : 2232 Alton Rd, Miami Beach
   
   8 beds, 7 full, 1 part baths

   Size: 7,846 sq ft

   Listed with Beachfront Realty
4. $3,999,000 : MLS # F1057928 in Miami Beach
   
   4 beds, 6 full baths

   Size: n/a

   Listed with Qwest Realty Services
5. $3,600,000 : 5529 Pinetree Dr, Miami Beach
   
   5 beds, 4 full, 1 part baths

   Size: 4,140 sq ft

   Listed with Community Realty Associates
6. $3,649,000 : 250 E San Marino Dr, Miami Beach
   
   5 beds, 5 full, 2 part baths

   Size: 4,800 sq ft

   Listed with Beachfront Realty Inc
7. $1,250,000 : 405 W Dilido Dr, Miami Beach
   
   4 beds, 3 full, 1 part baths

   Size: 2,205 sq ft

   Listed with Miami Investment Brokers, Inc.
8. $5,495,000 : 227 E Dilido, Miami Beach
   
   7 beds, 5 full baths

   Size: n/a

   Listed with Altara Realty
9. $1,595,000 : 4415 N Bay Rd, Miami Beach
   
   4 beds, 5 full baths

   Size: 3,600 sq ft

   Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
10. $2,900,000 : 441 N Hibiscus Dr, Miami Beach
    
    9 beds, 10 full baths

    Size: n/a

    Listed with Florida Home Sales and Invest.
11. $1,795,000 : 4419 N Bay Rd, Miami Beach
    
    5 beds, 5 full baths

    Size: 4,309 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
12. $1,700,000 : 5711 N Bay Rd, Miami Beach
    
    4 beds, 4 full baths

    Size: 3,100 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
13. $2,395,000 : 4435 N Bay Rd, Miami Beach
    
    5 beds, 6 full, 1 part baths

    Size: 5,075 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
14. $2,950,000 : 620 W Dilido Dr, Miami Beach
    
    4 beds, 3 full, 1 part baths

    Size: 3,499 sq ft

    Listed with Bedrock Properties, LLC.
15. $3,650,000 : 297 N Coconut Ln, Miami Beach
    
    3 beds, 2 full, 1 part baths

    Size: 3,524 sq ft

    Listed with Shelton and Stewart REALTORS
16. $7,499,000 : 150 Palm Av, Miami Beach
    
    7 beds, 7 full, 1 part baths

    Size: 5,860 sq ft

    Listed with Greater Miami Investments, Inc
17. $1,495,000 : 4501 Meridian Av, Miami Beach
    
    5 beds, 4 full, 1 part baths

    Size: 3,468 sq ft

    Listed with Beachfront Realty Inc
18. $1,500,000 : 5420 La Gorce Dr, Miami Beach
    
    4 beds, 3 full baths

    Size: 3,342 sq ft

    Listed with Oceanaire Realty, Inc.
19. $2,600,000 : 291 N Coconut Ln, Miami Beach
    
    2 beds, 2 full, 1 part baths

    Size: 2,246 sq ft

    Listed with Florida Home Sales and Invest.
20. $1,400,000 : 5926 La Gorce Dr, Miami Beach
    
    5 beds, 4 full, 1 part baths

    Size: 2,818 sq ft

    Listed with Barnes Int'l Property Consult
21. $4,500,000 : MLS # D1383172 in Miami Beach
    
    4 beds, 4 full baths

    Size: n/a

    Listed with Ocean First Realty
22. $1,300,000 : 5205 Alton Rd, Miami Beach
    
    5 beds, 3 full, 1 part baths

    Size: 3,731 sq ft

    Listed with Consultek Realty
23. $3,800,000 : 5941 Pinetree Dr, Miami Beach
    
    6 beds, 5 full, 1 part baths

    Size: 4,564 sq ft

    Listed with Beachfront Realty Inc
24. $2,590,000 : 4525 Prairie Av, Miami Beach
    
    6 beds, 6 full, 1 part baths

    Size: 5,527 sq ft

    Listed with Beachfront Realty Inc
25. $5,750,000 : 3370 Chase Ave, Miami Beach
    
    7 beds, 7 full, 2 part baths

    Size: 7,000 sq ft

    Listed with One Sotheby's Int'l Realty
26. $14,800,000 : 98 La Gorce Cr, Miami Beach
    
    7 beds, 7 full baths

    Size: 7,848 sq ft

    Listed with World Class Realty
27. $2,600,000 : 1131 Stillwater Dr, Miami Beach
    
    5 beds, 3 full, 1 part baths

    Size: 3,980 sq ft

    Listed with Century 21 Continental Realty
28. $1,290,000 : 3787 Prairie Av, Miami Beach
    
    4 beds, 4 full baths

    Size: 1,961 sq ft

    Listed with Beachfront Realty Inc
29. $1,290,000 : 1445 Bay Rd, Miami Beach
    
    3 beds, 2 full baths

    Size: 2,140 sq ft

    Listed with Miami Lodge Realty Inc
30. $3,499,000 : 1420 W 21 St ** New Home **, Miami Beach
    
    6 beds, 7 full, 1 part baths

    Size: 5,054 sq ft

    Listed with The Muskat Group, Inc.
31. $3,499,000 : 224 S Coconut Ln, Miami Beach
    
    5 beds, 5 full baths

    Size: 3,609 sq ft

    Listed with The Muskat Group, Inc.

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Top 4 most expensive Miami Beach Homes sold in April 2010

There were 17 Miami Beach homes sold in the month of April of 2010, ranging from $3.5 Million to $200,000 for a Short Sale in Normandy Island.  Seven of the 17 sales were properties over a million dollars. Also 7 of the 17 were distressed sales (5 short sales and 2 bank owned foreclosures).  Maybe there’s something in the number 7 – is there a Numerologist in the house?

Next month should show higher numbers as well, since the months of May and June are historically the hottest in the Miami Beach real estate market.

There was a tie for first place with 2 sales at $3.5 million.

April’s Most Expensive Miami Beach Home Sale

2324 N Bay Rd – Miami Beach, FL 33140

Listed for $4,500,000 and sold for $3,500,000 on April 30th, 2010

This Miami Beach luxury home had been originally listed for $6,499,999 in May of 2006.  (For those that may not know Realtor number speak, 9’s mean the price is firm – ironic how it ended up selling for almost half the price they intended).  The home was reduced a few times and was finally placed under contract in March and closing at the end of April.  The home certainly has charm and a fabulous view, but was not updated at all.  The MLS description reads,

Architecturally stunning Mediterranean home perfectly situated on exclusive North Bay Road.  Gated entrance leads to newly landscaped courtyard with coral walkway.  Enter through a towering ornate mahogany front door which leads to grand staircase.  100fton the water with dock and picturesque views of Sunset Lake.  Don’t miss this North Bay Road gem.

Features:

• 5,400 square feet of living space
• 20,000 square foot lot (100′ X 200′)
• 100 feet of water frontage with dock
• built in 1925
• 5 bedrooms / 5 bathrooms
• 2-car garage
• pool

April’s Most Expensive Miami Beach Home Sale

5415 Pinetree Dr, Miami Beach, FL  33140

Listed for $3,900,000 and sold for $3,500,000 on April 12th, 2010

Now this is a home that makes you look twice with the typical revered Mediterranean Revival style, but built new in 2001 (according to the MLS).  Tied at first place with 2324 N Bay Road for the 2 highest Miami Beach Home sales in April 2010.  The original house was sold for $3.3 million in  March of 2004 and I’m guessing was totally gutted and remodeled.  It’s history showing a $5.5 Million listing in 2008 with several price reductions.  The MLS description reads:

Spectacular gated Mediterranean waterfront estate w/ocean access on prestigious Pinetree Dr.  2001 mini palace w/courtyard entry, domed & coffered ceilings, arched doorways plus a multitude of architectural details.  Gourmet kitchen, music rm,bar,cascading pool overlooking the intracoastal waterway, gazebo, summer kitchen & entertainment deck.  Enjoy ocean and intracoastal water views from lavish master bd  with adjoining  terrace & gym and 3 additional spacious bd on 2nd fl level.

Features:

• 6,800 square feet of living space
• 12,083 square foot lot (74′ X 163′)
• 74 feet of water frontage with dock
• 2-car garage
• built in 2001
• 6 bedrooms / 6.5 bathrooms
• pool

April’s Second Most Expensive Miami Beach Home Sale

5835 Pinetree Dr, Miami Beach, FL  33140

Listed for $2,999,000 and sold for $2,800,000 on April 14th, 2010

Another Pinetree treasure, this one totally renovated but facing Millionaire’s row across the canal.  If I had a penny for each time I heard, “why would I pay THAT much for that view?” – the answer is simply, “because you are paying for Pinetree Drive prestige”.  The owners of this home paid $3.3 million in 2003 and lost over 1/2 million dollars after renovations – but they got to enjoy a great address for 7 years.  MLS reads:

$628 SQ FT on the water!! What a deal!! Totally renovated, tremendous curb apeal, pool & dock.  Price is FIRM.  see broker remarks for showings.

Features:

• 4,775 square feet of living space
• 16,650 square foot lot (75′ X 222′ )
• 75 feet of water frontage with dock
• 5 bedrooms / 4.5 bathrooms
• 2-car garage
• pool
• built in 1935

April’s Third Most Expensive Miami Beach Home Sale

1545 Pennsylvania Ave, Miami Beach, FL 33139

Listed for $2,695,000 and sold for $2,000,000 on April 19th, 2010

Some would question the location of this home, sitting in the center of South Beach, but it is truly a masterpiece.  Why question? because the surroundings are mostly condos with a lot of transient traffic.  But take a look at the architectural details and the use of interior space, which makes this home truly special.  It was listed for $3.595 Million in May of 2008 and reduced a couple of times before going under contract. MLS reads:

This majestic 6 bedroom, 6 bath two-story Mediterranean style home sits in the heart of South Beach. This residence exemplifies a truly special home attributed to its unique architecture and landscaping that sets it apart from neighboring residences. The vaulted ceiling in the living room entices the sunrise each morning. A gated front yard and driveway in addition to an alarm system complete with video surveillance provide security for the home. Also available for rent for $10,000 per month.

Features:

• 3,690 square feet of living space
• 8,000 square foot lot
• built in 1935
• pool
• 6 bedrooms / 6 bathrooms
• alarm system and video surveillance

**all information obtained from the SouthEast Florida Multiple Listing Service**

Showing properties 1 - 42 of 42. See more city of Miami Beach real estate.
(all data current as of 7/30/2010)

1. $1,099,000 : MLS # F1039522 in Miami Beach
   
   4 beds, 4 full, 1 part baths

   Size: n/a

   Listed with Castelli Real Estate Services
2. $1,450,000 : 5147 N Bay Rd, Miami Beach
   
   4 beds, 3 full, 1 part baths

   Size: 3,252 sq ft

   Listed with Greater Miami Investments, Inc
3. $2,599,000 : 2232 Alton Rd, Miami Beach
   
   8 beds, 7 full, 1 part baths

   Size: 7,846 sq ft

   Listed with Beachfront Realty
4. $3,999,000 : MLS # F1057928 in Miami Beach
   
   4 beds, 6 full baths

   Size: n/a

   Listed with Qwest Realty Services
5. $845,000 : 521 W 46 St, Miami Beach
   
   3 beds, 2 full baths

   Size: 2,457 sq ft

   Listed with Beachfront Realty Inc
6. $880,000 : 1311 Stillwater Dr, Miami Beach
   
   3 beds, 2 full baths

   Size: n/a

   Listed with Beachfront Realty Inc
7. $3,600,000 : 5529 Pinetree Dr, Miami Beach
   
   5 beds, 4 full, 1 part baths

   Size: 4,140 sq ft

   Listed with Community Realty Associates
8. $3,649,000 : 250 E San Marino Dr, Miami Beach
   
   5 beds, 5 full, 2 part baths

   Size: 4,800 sq ft

   Listed with Beachfront Realty Inc
9. $949,000 : 5808 Alton Rd, Miami Beach
   
   7 beds, 4 full baths

   Size: 3,196 sq ft

   Listed with Weichert Realtors Int'l. Group
10. $1,250,000 : 405 W Dilido Dr, Miami Beach
    
    4 beds, 3 full, 1 part baths

    Size: 2,205 sq ft

    Listed with Miami Investment Brokers, Inc.
11. $5,495,000 : 227 E Dilido, Miami Beach
    
    7 beds, 5 full baths

    Size: n/a

    Listed with Altara Realty
12. $1,595,000 : 4415 N Bay Rd, Miami Beach
    
    4 beds, 5 full baths

    Size: 3,600 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
13. $2,900,000 : 441 N Hibiscus Dr, Miami Beach
    
    9 beds, 10 full baths

    Size: n/a

    Listed with Florida Home Sales and Invest.
14. $1,795,000 : 4419 N Bay Rd, Miami Beach
    
    5 beds, 5 full baths

    Size: 4,309 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
15. $1,700,000 : 5711 N Bay Rd, Miami Beach
    
    4 beds, 4 full baths

    Size: 3,100 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
16. $2,395,000 : 4435 N Bay Rd, Miami Beach
    
    5 beds, 6 full, 1 part baths

    Size: 5,075 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
17. $2,950,000 : 620 W Dilido Dr, Miami Beach
    
    4 beds, 3 full, 1 part baths

    Size: 3,499 sq ft

    Listed with Bedrock Properties, LLC.
18. $3,650,000 : 297 N Coconut Ln, Miami Beach
    
    3 beds, 2 full, 1 part baths

    Size: 3,524 sq ft

    Listed with Shelton and Stewart REALTORS
19. $899,000 : 1560 Stillwater Dr, Miami Beach
    
    3 beds, 2 full baths

    Size: 2,011 sq ft

    Listed with Beachfront Realty Inc
20. $7,499,000 : 150 Palm Av, Miami Beach
    
    7 beds, 7 full, 1 part baths

    Size: 5,860 sq ft

    Listed with Greater Miami Investments, Inc
21. $1,495,000 : 4501 Meridian Av, Miami Beach
    
    5 beds, 4 full, 1 part baths

    Size: 3,468 sq ft

    Listed with Beachfront Realty Inc
22. $899,950 : MLS # F1067232 in Miami Beach
    
    4 beds, 2 full, 1 part baths

    Size: n/a

    Listed with Realty-Mart America
23. $990,000 : 424 E Dilido Dr, Miami Beach
    
    3 beds, 3 full, 1 part baths

    Size: 2,443 sq ft

    Listed with Finza International Realty
24. $1,500,000 : 5420 La Gorce Dr, Miami Beach
    
    4 beds, 3 full baths

    Size: 3,342 sq ft

    Listed with Oceanaire Realty, Inc.
25. $2,600,000 : 291 N Coconut Ln, Miami Beach
    
    2 beds, 2 full, 1 part baths

    Size: 2,246 sq ft

    Listed with Florida Home Sales and Invest.
26. $889,000 : 1480 Stillwater Dr, Miami Beach
    
    3 beds, 2 full baths

    Size: n/a

    Listed with A1 International Realty Corp.
27. $827,526 : 114 Venetian Wy, Miami Beach
    
    3 beds, 2 full baths

    Size: 2,157 sq ft

    Listed with Terrabella Realty
28. $1,400,000 : 5926 La Gorce Dr, Miami Beach
    
    5 beds, 4 full, 1 part baths

    Size: 2,818 sq ft

    Listed with Barnes Int'l Property Consult
29. $4,500,000 : MLS # D1383172 in Miami Beach
    
    4 beds, 4 full baths

    Size: n/a

    Listed with Ocean First Realty
30. $1,300,000 : 5205 Alton Rd, Miami Beach
    
    5 beds, 3 full, 1 part baths

    Size: 3,731 sq ft

    Listed with Consultek Realty
31. $3,800,000 : 5941 Pinetree Dr, Miami Beach
    
    6 beds, 5 full, 1 part baths

    Size: 4,564 sq ft

    Listed with Beachfront Realty Inc
32. $2,590,000 : 4525 Prairie Av, Miami Beach
    
    6 beds, 6 full, 1 part baths

    Size: 5,527 sq ft

    Listed with Beachfront Realty Inc
33. $5,750,000 : 3370 Chase Ave, Miami Beach
    
    7 beds, 7 full, 2 part baths

    Size: 7,000 sq ft

    Listed with One Sotheby's Int'l Realty
34. $14,800,000 : 98 La Gorce Cr, Miami Beach
    
    7 beds, 7 full baths

    Size: 7,848 sq ft

    Listed with World Class Realty
35. $999,999 : 5572 Pinetree Dr, Miami Beach
    
    6 beds, 3 full, 2 part baths

    Size: 3,503 sq ft

    Listed with Waterfront Properties, Inc.
36. $975,000 : 1446 Jefferson Av, Miami Beach
    
    4 beds, 3 full baths

    Size: 1,558 sq ft

    Listed with Multiple Listing Solutions
37. $2,600,000 : 1131 Stillwater Dr, Miami Beach
    
    5 beds, 3 full, 1 part baths

    Size: 3,980 sq ft

    Listed with Century 21 Continental Realty
38. $1,290,000 : 3787 Prairie Av, Miami Beach
    
    4 beds, 4 full baths

    Size: 1,961 sq ft

    Listed with Beachfront Realty Inc
39. $995,000 : 3700 Royal Palm Av, Miami Beach
    
    4 beds, 2 full, 1 part baths

    Size: 3,532 sq ft

    Listed with Shloime Torim Lic RE Broker
40. $1,290,000 : 1445 Bay Rd, Miami Beach
    
    3 beds, 2 full baths

    Size: 2,140 sq ft

    Listed with Miami Lodge Realty Inc
41. $3,499,000 : 1420 W 21 St ** New Home **, Miami Beach
    
    6 beds, 7 full, 1 part baths

    Size: 5,054 sq ft

    Listed with The Muskat Group, Inc.
42. $3,499,000 : 224 S Coconut Ln, Miami Beach
    
    5 beds, 5 full baths

    Size: 3,609 sq ft

    Listed with The Muskat Group, Inc.

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Top 3 Most Expensive Miami Beach Homes sold in March 2010

There were 22 Miami Beach homes sold in March 2010 ranging from the most expensive, which will be featured here at $2.85 Million, to the lowest sale in Miami Beach at $102,500 for a dry lot, bank owned, foreclosure home in Biscayne Beach (North Beach).  Talk about a disparity! but that’s Miami for you.  Please note that number 2 and 3 top sales last month were also dry lot homes all selling above the $2 Million mark.  Recuperating market?  I do think so, although the top of the Miami Beach luxury home market is moving really slowly.

March’s Most Expensive Miami Beach Home Sale

270 Hibiscus Island – Miami Beach, FL 33139

Listed for $3,490,000 and sold for $2,850,000 on March 19th, 2010

The buyer of this home walked away with a great home and an amazing view.  The first time I saw this house there was an Aston Martin in the garage and we asked the listing agent if that could be included as an incentive (my joke was not received well….lighten up people!).  Great common areas, tons of intricate but not too ornate mill work, beautiful kitchen and nice sized bedrooms.  (The Faux painting was a bit too much for me….but nothing a little paint couldn’t solve).  This home was on an off the market and was originally priced at $4.69 million in 2006 with several reductions along the way. Here’s the MLS screaming in all CAPS description:

EXQUISITE WOOD FINISHES, BUILT INS, EMBELLISHED FAUX WALLS, PROFESSIONALLY DECORATED AWARD WINNING HOME, 16′ CATHEDRAL WOOD CEILING IN LIVING ROOM,FORMAL DINING WITH COFFERED CEILING, SPACIOUS OPEN FAMILY MEDIA INCLUDES GOURMET KITCHEN, GRANITE COUNTERS, LARGE WET BAR, STAIN GLASS WINDOW. MASTER WALK IN CLOSET DRESSING AREA, LUXURIOUS BATH, AUTOMATIC GENERATOR, SURROUND SOUND, JERUSALEM STONE FLRS, THEATER, OFFICE , IMPACT RESISTANT GLASS FRONT AND BACK, SHUTTERS ON SIDE.

Features:

• 4,256 square foot home on 10,500 square foot lot
• 60 feet of water frontage (60′ X 175′)
• 3 bedrooms / 3 bathrooms / 1 half bath
• pool
• 16′ cathedral ceilings
• 2-car garage
• built in 1954
• Jerusalem Stone Floors
• Impact resistant windows on front and back

March’s Second Most Expensive Miami Beach Home Sale

2549 Sunset Drive, Miami Beach, FL  33140

Listed for $2,300,000 and sold for $2,050,000 on March 18th, 2010

Florida Vernacular Influence in this Sunset Island 2 home.  No expense spared and sitting on a comfortable 12,500 square foot lot.  It’s neighboring properties are going in excess of $4 Million, so here’s a little jewel sitting amongst big timers and has certainly nothing to be ashamed of.  This is also evidenced in how quickly it sold.  Listed on February 1, 2010 and was under contract in one week!  MLS description reads:

Fabulous pool home situated on Sunset Island II across from the park. Fine hardwood floors throughout, 2-story foyer, living room with fireplace, formal dining room, theater room, wood paneled library, gourmet island kitchen with professional appliances & breakfast area. Family room opens to covered covered loggia with summer kitchen; surround sound, heated pool, master suite w/marble bath & walk-in closet, large sundeck, maid’s quarters, lush landscaping, converted garage, corner lot.  Gated community.

Features:

• 4,455 square feet of living space
• built in 1975
• 4 bedrooms / 5 bathroom
• 12,500 square foot lot
• Summer Kitchen
• pool
• maid’s quarters
• lush native landscaping

March’s Third Most Expensive Miami Beach Home Sale

2820 Lake Avenue, Miami Beach, FL 33140

Listed for $2,290,000 and sold for $2,115,000 on March 26, 2010

Here’s an immaculate house on a dry lot not just in the Sunset Islands, but in Sunset Island I, which is the most sought out of the 4 islands.  This house has the works:  limestone floors, electric shades, steam room, 2-car garage and is designer decorated which makes it even more impressive.  Some may think that it would still be “the ugly duckling” of the island, figuratively speaking because of the multi-million dollar residences that surround it, but that’s for you to judge.  The house was originally listed for $3.45 Million in September of 2007 with a price reduction to $3.45 Million in January 2009 – closed for $2.115 Million on March 26, 2010 and already listed for $3,000,000 – Maybe someone can make a quick buck and flip this property….we will find out soon.  The MLS description reads:

Spectacular “Smart House” in Gated Miami Beach Community: Sunset Islands.  Exquisitely updated including beautiful Limestone, dark hardwood floors and impact glass windows and doors throughout. Amazing Zen-like patio area featuring infinity edge pool with waterfall. Electric black-out blinds; state of the art technology with controlled sound, lighting, video and security cameras, full gym and steam room.

with new Listing description reading:

State of the art house in Sunset Island.  Spectacular patio with infinity edge pool and waterfall.  High end technology with high end domotics.  Spectacular dark hardwood floors and patio and pool area in lime stone.

FYI – Domotics is “home automation” (I confess I had to look it up myself)

Features:

• 4,717 square feet of living space
• 11,880 square foot lot
• 2-car garage
• 4 bedrooms / 4 bathrooms
• built in 1945
• “Smart House” with home automation
• Hardwood floors
• Impact glass doors and windows
• Infinity Edge Pool with waterfall
• electric black-out blinds
• gym
• steam room

**all information obtained from the SouthEast Florida Multiple Listing Service**

Showing properties 1 - 10 of 10. See more 33139 zip code real estate.
(all data current as of 7/30/2010)

1. $3,649,000 : 250 E San Marino Dr, Miami Beach
   
   5 beds, 5 full, 2 part baths

   Size: 4,800 sq ft

   Listed with Beachfront Realty Inc
2. $1,250,000 : 405 W Dilido Dr, Miami Beach
   
   4 beds, 3 full, 1 part baths

   Size: 2,205 sq ft

   Listed with Miami Investment Brokers, Inc.
3. $5,495,000 : 227 E Dilido, Miami Beach
   
   7 beds, 5 full baths

   Size: n/a

   Listed with Altara Realty
4. $2,900,000 : 441 N Hibiscus Dr, Miami Beach
   
   9 beds, 10 full baths

   Size: n/a

   Listed with Florida Home Sales and Invest.
5. $2,950,000 : 620 W Dilido Dr, Miami Beach
   
   4 beds, 3 full, 1 part baths

   Size: 3,499 sq ft

   Listed with Bedrock Properties, LLC.
6. $3,650,000 : 297 N Coconut Ln, Miami Beach
   
   3 beds, 2 full, 1 part baths

   Size: 3,524 sq ft

   Listed with Shelton and Stewart REALTORS
7. $7,499,000 : 150 Palm Av, Miami Beach
   
   7 beds, 7 full, 1 part baths

   Size: 5,860 sq ft

   Listed with Greater Miami Investments, Inc
8. $2,600,000 : 291 N Coconut Ln, Miami Beach
   
   2 beds, 2 full, 1 part baths

   Size: 2,246 sq ft

   Listed with Florida Home Sales and Invest.
9. $1,290,000 : 1445 Bay Rd, Miami Beach
   
   3 beds, 2 full baths

   Size: 2,140 sq ft

   Listed with Miami Lodge Realty Inc
10. $3,499,000 : 224 S Coconut Ln, Miami Beach
    
    5 beds, 5 full baths

    Size: 3,609 sq ft

    Listed with The Muskat Group, Inc.

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Top 3 Most Expensive Miami Beach Home Sales – February 2010

There were 16 Miami Beach Homes sold in February ranging in price between $191,300 for a bank owned Normandy Island home to $7,250,000 for a Star Island fixer upper.  Talk about a huge disparity and what makes Miami so interesting to many.  We can’t deny that there’s something for everyone here!  With no further delay, here are the 3 Most Expensive Miami Beach Home sales last month.

February’s Most Expensive Miami Beach Home Sale

44 Star Island Drive – Miami Beach, FL 33139

Listed for $8,750,000 and sold for $7,250,000 on February 25th, 2010

Funny enough, this same house was our featured luxury listing for January: Miami Beach Luxury Home – Star Island

Here’s what I had to say:

The house itself is only 4,720 square feet, which is tiny compared to its neighboring estates.  It was built in 1935 and to many it will be the “ugly duckling” of the island.  But I urge to look past the obvious and notice that the existing structure does have a nice Florida Vernacular feel to it and nothing a little money and love can’t fix.  It’s listed at $1,854 per square foot but I know that’s not a fair assessment since it’s all about the size of the lot.  Well….Shaq’s lot was 87,120 square feet with 312 feet of frontage and the house was impeccable and needed no “updating” (other than changes here and there for tastes sake).  So, my guess is that neighbors are pretty angry right about now because the only comp is throwing all the numbers off.  Just based on the one sale, this property is grossly overpriced.

Here’s the MLS description:

Located on exclusive Star Island among some of Miami’s favorite celebrities, this bayfront estate offers over 200 feet of prime water frontage and provides beautiful sunrises, southeastern breezes and the utmost in security and privacy.  Just minutes from both Downtown Miami and South Beach, this Colonial-style 4,720 home is ready for your update or build to suit.  Ideal waterfront for large vessel.  Least expensive property on Star Island!!

Features:

• 4,720 square feet of living space
• Built in 1935
• 6 bedrooms / 5 bathrooms / 1 half bath
• 215 feet of water frontage
• 48,266 square foot lot
• Barrel tile roof
• 2-story home

February’s Second Most Expensive Miami Beach Home Sale

269 N. Hibiscus Drive, Miami Beach, FL  33139

Listed for $5,995,000 and sold for $5,400,000 on February 24th, 2010

New Hisbiscus Island construction (built in 2007) with an interesting listing history.  The home was originally listed in April 2007 for $10,900,000 and was on and off the market with several price reductions and increases and finally selling for $5.4 M last month.  The MLS description reads:

New-elegant Mediterranean-waterfront estate on guard gated Hibiscus Island. This luxury 3-story home comes equipped with dramatic volume ceilings, oversized impact windows/doors, multiple private balconies and boat dock which can accommodate large vessel.  Resort style swimming pool w/jacuzzi, elevator, top-of-the-line appliances, marble/wood flooring throughout. 40 X 30 roof top terrace with spectacular views of Biscayne Bay, the Downtown Miami Skyline and Port of Miami.  Never been lived in.  New home.

Features:

• New construction – built in 2007
• 8,096 square feet of living space
• 12,250 square foot lot with 70 feet of water frontage
• bayfront
• 2-story home
• 6 bedrooms / 7.5 bathrooms
• pool with jacuzzi
• elevator
• within guard-gated Hibiscus Island

February’s Third Most Expensive Miami Beach Home Sale

5760 North Bay Road, Miami Beach, FL 33140

Listed for $5,950,000 and sold for $4,500,000 on February 22, 2010

This home was listed for $7,495,000  in September 09, reduced to $5,950,000 in December and was under contract by January 7th 2010.  North Bay road boasts with the most beautiful, unobstructed views of Biscayne Bay, and this house is the perfect example of that.  Older home, built in 1963, without being pretentious, except for the view.  Shows location is still worth a pretty penny in Miami Beach.  The MLS description reads:

Endless views on this gated Mediterranean Estate on prestigious upper North Bay Rd, on a very large lot (26,830 SF) wide Biscayne Bay front lot with a large concrete dock for a substantial boat, elegant open floor – turnkey estate! Gorgeous pool, large master bedroom with sitting area and the best views on N Bay Rd. Circular driveway and lush landscaping Miami Beach Waterfront Dream!

Features:

• Built in 1963
• 6,752 square feet of living space
• 26,830 square foot lot with 92 feet of water frontage
• 3 bedrooms / 4 bathrooms
• 2-car garage
• pool

**all information obtained from the SouthEast Florida Multiple Listing Service**

Showing properties 1 - 25 of 31. See more city of Miami Beach real estate.
(all data current as of 7/30/2010)

1. $14,800,000 : 98 La Gorce Cr, Miami Beach
   
   7 beds, 7 full baths

   Size: 7,848 sq ft

   Listed with World Class Realty
2. $7,499,000 : 150 Palm Av, Miami Beach
   
   7 beds, 7 full, 1 part baths

   Size: 5,860 sq ft

   Listed with Greater Miami Investments, Inc
3. $5,750,000 : 3370 Chase Ave, Miami Beach
   
   7 beds, 7 full, 2 part baths

   Size: 7,000 sq ft

   Listed with One Sotheby's Int'l Realty
4. $5,495,000 : 227 E Dilido, Miami Beach
   
   7 beds, 5 full baths

   Size: n/a

   Listed with Altara Realty
5. $4,500,000 : MLS # D1383172 in Miami Beach
   
   4 beds, 4 full baths

   Size: n/a

   Listed with Ocean First Realty
6. $3,999,000 : MLS # F1057928 in Miami Beach
   
   4 beds, 6 full baths

   Size: n/a

   Listed with Qwest Realty Services
7. $3,800,000 : 5941 Pinetree Dr, Miami Beach
   
   6 beds, 5 full, 1 part baths

   Size: 4,564 sq ft

   Listed with Beachfront Realty Inc
8. $3,650,000 : 297 N Coconut Ln, Miami Beach
   
   3 beds, 2 full, 1 part baths

   Size: 3,524 sq ft

   Listed with Shelton and Stewart REALTORS
9. $3,649,000 : 250 E San Marino Dr, Miami Beach
   
   5 beds, 5 full, 2 part baths

   Size: 4,800 sq ft

   Listed with Beachfront Realty Inc
10. $3,600,000 : 5529 Pinetree Dr, Miami Beach
    
    5 beds, 4 full, 1 part baths

    Size: 4,140 sq ft

    Listed with Community Realty Associates
11. $3,499,000 : 224 S Coconut Ln, Miami Beach
    
    5 beds, 5 full baths

    Size: 3,609 sq ft

    Listed with The Muskat Group, Inc.
12. $3,499,000 : 1420 W 21 St ** New Home **, Miami Beach
    
    6 beds, 7 full, 1 part baths

    Size: 5,054 sq ft

    Listed with The Muskat Group, Inc.
13. $2,950,000 : 620 W Dilido Dr, Miami Beach
    
    4 beds, 3 full, 1 part baths

    Size: 3,499 sq ft

    Listed with Bedrock Properties, LLC.
14. $2,900,000 : 441 N Hibiscus Dr, Miami Beach
    
    9 beds, 10 full baths

    Size: n/a

    Listed with Florida Home Sales and Invest.
15. $2,600,000 : 1131 Stillwater Dr, Miami Beach
    
    5 beds, 3 full, 1 part baths

    Size: 3,980 sq ft

    Listed with Century 21 Continental Realty
16. $2,600,000 : 291 N Coconut Ln, Miami Beach
    
    2 beds, 2 full, 1 part baths

    Size: 2,246 sq ft

    Listed with Florida Home Sales and Invest.
17. $2,599,000 : 2232 Alton Rd, Miami Beach
    
    8 beds, 7 full, 1 part baths

    Size: 7,846 sq ft

    Listed with Beachfront Realty
18. $2,590,000 : 4525 Prairie Av, Miami Beach
    
    6 beds, 6 full, 1 part baths

    Size: 5,527 sq ft

    Listed with Beachfront Realty Inc
19. $2,395,000 : 4435 N Bay Rd, Miami Beach
    
    5 beds, 6 full, 1 part baths

    Size: 5,075 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
20. $1,795,000 : 4419 N Bay Rd, Miami Beach
    
    5 beds, 5 full baths

    Size: 4,309 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
21. $1,700,000 : 5711 N Bay Rd, Miami Beach
    
    4 beds, 4 full baths

    Size: 3,100 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
22. $1,595,000 : 4415 N Bay Rd, Miami Beach
    
    4 beds, 5 full baths

    Size: 3,600 sq ft

    Listed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
23. $1,500,000 : 5420 La Gorce Dr, Miami Beach
    
    4 beds, 3 full baths

    Size: 3,342 sq ft

    Listed with Oceanaire Realty, Inc.
24. $1,495,000 : 4501 Meridian Av, Miami Beach
    
    5 beds, 4 full, 1 part baths

    Size: 3,468 sq ft

    Listed with Beachfront Realty Inc
25. $1,450,000 : 5147 N Bay Rd, Miami Beach
    
    4 beds, 3 full, 1 part baths

    Size: 3,252 sq ft

    Listed with Greater Miami Investments, Inc

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Top 3 Most Expensive Miami Beach Home Sales – January 2010

When it comes to Miami Beach Homes, there were 11 sales in the month of January 2010.  Two of these sales in exclusive La Gorce Island and the other one was a Pinetree Mansion.  The lowest sale in January was at Biscayne Beach and as per the MLS description, “buy this house and get a free car”…can’t tell you the details on the car – but the house was on a dry lot at 965 79th Terrace and sold for $225,000.

January’s Most Expensive Miami Beach Home Sale

92 La Gorce Circle – Miami Beach, FL 33141

Listed for $13,500,000 and sold for $9,500,000 on 1/25/2010

This house was on and off the market since September 2005, starting at $17,500,000, was also for rent for $100,000 and finally sold for $9.5 Million.  MLS description:

Set on approx. an acre, this remodeled 9700+sf Mediterranean estate offers privacy and elegance.  200+ft of wterfront.  7 brs, ofc, 8.5 baths, fine marble and hardwd flrs, dbl living room w/marble fireplc overlooking the water.  Media rm, family rm w/granite bar & spacious kitchen w/breakfast area, sumptuous master suite w/soaring ceilings.  Notable exterior features of the grand estate include hand-laid keystone appointments, stone fountains and interior courtyard loggias surrounded by coral stonework.

Features:

• built in 1939
• 9,719 square feet of living space
• 7 bedrooms / 8.5 bathrooms
• waterfront
• 42,749 square foot lot
• 200 feet of water frontage
• House faces East
• Guard-gated island
• 2-story Mediterranean Revival home
• Private dock

January’s Second Most Expensive Miami Beach Home Sale

5745 Pinetree Drive – Miami Beach, FL 33140

Listed for $5,990,000 and sold for $4,650,000 on 1/4/2010

This home was known for it’s short term rentals and was showing on the MLS available for rent for $19,500/month and $27,000/month (long and short term rentals).  It had also been on and off the market starting in 2000 with highest listing price of $7,900,000.  Personally, Pinetree has never done it for me – some of these homes facing condos across the canal, but you can’t take away the splendor and grand scale of a lot of these Pinetree Homes.  Description on the MLS:

Classic, renovated estate on stately Pinetree Drive!  All new hurricane impact windows and doors to be installed!  Approximately 9000 sf, 5 bedroom, 8 bath home with 150 ft of protected water-frontage!  owner will consider financing or trade for other property including condos!  Renovations are finished and all doors and windows are in!!!!!

Features:

• built in 1929
• 8,689 square feet of living space
• 5 bedrooms / 6 bathrooms / 2 half-baths
• waterfront
• 26,700 square foot lot
• 150 feet of water frontage
• House faces East
• 2-story Mediterranean Revival home
• Private dock

January’s Third Most Expensive Miami Beach Home Sale

55 La Gorce Circle – Miami Beach, FL 33141

Listed for $3,300,000 and sold for $2,200,000 on 1/19/2010

This home was listed in 2007 for $4,400,000 and then again for $3,300,000 on August 2009 – I’m guessing the million dollar price reduction made the difference with this dry-lot home (meaning NOT waterfront).

Sophistication reigns supreme on this exquisite property.  Located on guard-gated La Gorce Island, this beautiful 4 bedroom/5 bath, 5,387 sf home, situated on a 13,750 lot features an abundance of stunning details and amenities such as a luxury kitchen, pool area, high ceilings, master suite with his/her bathrooms and a 2-car garage.  Unmatched, awe-inspiring elegance and style.  just a few minutes to world-renowned South Beach and downtown Miami.

Features:

• built in 1968
• 5,387 square feet of living space
• 4 bedrooms / 5.5 bathrooms
• 2-car garage
• 13,750 square foot lot
• House faces West
• Guard-gated island
• pool

2009 Miami Beach Home Sales for La Gorce Island

La Gorce Island homes are known for their scale and “wow” factor. It is a guard-gated community in Miami Beach with some of the nicest landscaped streets you will see anywhere in South Florida and with large, luxurious homes. As for real estate sales in 2009, only 3 and none of them are waterfront.  There are currently 10 homes listed for sale at La Gorce Island ranging in price between $19,500,000 and $1,600,000 – which is again evidence that the high-end Luxury inventory is not moving. Six of the 10 homes currently listed are above $5 million, all except one listed for sale for quite some time.

Address	Bds	Bths	HBth	sqft	Water	Lot Size	List Price	Sale price	$/sq.ft
6675 Windsor Ln	5	5	1	4,347	N	13,125	$1,500,000	$1,450,000	334
6640 Pinetree Ln	4	4	1	3,534	N	12,500	$1,475,000	$1,312,416	371
6630 Sheffield Ln	5	4	1	3,515	N	13,125	$1,300,000	$1,200,000	341

The good news about La Gorce is that the average price per square foot is high for homes on dry-lots (non-waterfront homes) – putting the price per square foot based on those 3 sales at $349.  I’m curious to see what happens with the Mega-home inventory in Miami Beach – will it start moving in 2010?  I’m sure a lot of those home owners hope so.

**UPDATE** There were no additional sales in the month of December in La Gorce Island which makes this real estate market report the FINAL one for 2009.

2009 Miami Beach Home Sales for the Sunset Islands

The Sunset Islands are the epitome of Miami Beach Luxury Real Estate, starting with Sunset I.  Historically homes in the Sunset Islands hold their value better than other nearby islands because of access, security and proximity to South Beach’s “action” but far enough to have privacy.

There have only been 4 sales this year in The Sunset Islands

Address	Bds	Bths	HBth	sqft	Water	Lot Size	List Price	Sale price	$/sq.ft
1400 W 28 St	7	7	1	9.933	Y	20.000	$15,900,000	$9,500,000	956
1727 W 27 St	4	6	1	6,244	Y	20,000	$8,250,000	$6,000,000	961
1401 W 22 St	4	5	1	4,576	Y	13,275	$3,200,000	$2,734,500	598
1600 W 24 St	4	4	1	3,453	N	11,858	$2,399,000	$2,100,000	608

The highest sale was at Sunset Island I (the most desired of all Sunset Islands) for $9,500,000 – this house was listed since July 2008 and originally priced at $15,900,000 (that’s a discount of over 40%). The lowest sale was a dry lot property located in Sunset Island III – located at 1600 W 24 St, selling for $2,100,000 and listed on and off since September 2008 with an original price of $2,495,999. It may have been the lowest priced sale, but sold for more per square foot than the immaculate waterfront home at Sunset Island 4.

The average price per square foot this year comes down to $780.75 – please note that none of the sales were open bay homes – an appraiser would pull comparables from North Bay Road homes because of the lack of sales in The Sunset Islands.  At least we saw 2 homes above the $5,000,000 range actually sell which is something we can’t say about The Venetian Islands.

**UPDATE** There was one additional sale in the month of December in Sunset Island Number 2 – this was the dry-lot property located at 2535 Lucerne Avenue listed for $2,750,000 and selling for $2,400,000 ($441/sq.ft) making this the lowest sale of 2009 in The Sunset Islands. This luxury home had been listed since January of 2009 with a starting price of $2,895,000 (that’s a 17% difference between list and sale price).

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